Your Company borrowed $80,000 on August 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 3.5% per year. What is the amount of interest expense appearing on the 2020 income statement? (Round to nearest dollar if you need to.) $ 233. $1,633. O $1,500. $1,167. $2,800. Your Corporation's unadjusted book balance at September 30, 2020 was $1,850. The following information is available for the bank reconciliation Deposits in transit, $500 Outstanding checks, $300 Bank service charges, $40 Bank collected an accounts receivable for Your Company, $750 NSF check written by one of Your Company's customers, $600 What is Your Company's true cash balance? $2,010 $1.610. $1.960. $1,650 $2,050